JCP&L Suspends Summer Shut-Offs as New Jersey Electricity Rates Increase 20%
HOLMDEL, N.J. — A failed state energy plan has resulted in electricity rate increases as high as 20% in New Jersey, thanks to Governor Phil Murphy’s failed clean energy agenda, but one…
RBNZ Governor says countering inflation early will prevent need for higher rates
By Praveen Menon WELLINGTON – Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said on Friday that countering inflation pressures early prevent the need for even higher rates in the future.…
Birth Rates Are Plummeting, But Not Because People Can’t Afford Children: STUDY
Birth Rates Are Plummeting, But Not Because People Can’t Afford Children: STUDY Laurel Duggan on February 23, 2022 New research suggests plummeting birthrates in the U.S. are driven by culture, not economic…
BoE’s Tenreyro sees case for small increase in rates
By David Milliken LONDON – Bank of England policymaker Silvana Tenreyro said on Wednesday that she – like other BoE policymakers – saw a case for higher interest rates to tackle inflation…
ECB’s de Guindos says asset purchases must end before raising rates
MADRID – European Central Bank Vice-President Luis de Guindos said on Wednesday that the institution will first need to end asset purchases before interest rates can rise. “We will look at the…
Morgan Stanley expects Fed to hike rates 6 times in 2022
– Morgan Stanley expects the U.S. Federal Reserve to raise interest rates six times this year for a total of 150 basis points, a faster increase than previously predicted, according to a…
U.S. mortgage interest rates top 4% for first time since 2019
– The interest rate on the most popular U.S. home loan surged by the most in nearly two years last week, shooting above the 4% level for the first time since 2019…
Colombia’s central bank must raise rates in first half to control inflation -IMF
BOGOTA – Colombia’s central bank will have to front load interest rate hikes in the first half of this year in order to get a grip on inflation and maintain its hard-won…
U.S. mortgage rates jump to two-year high, further squeezing buyers
By Jonnelle Marte -U.S. mortgage rates increased to a two-year high last week and could keep rising, a trend which may further squeeze first-time buyers struggling to overcome higher home prices and…
Pressure on Bank Indonesia to raise rates, but will not until Q3’22- Reuters Poll
By Shaloo Shrivastava BENGALURU – Indonesia’s central bank will raise rates faster than thought just a month ago as concerns mount about a weaker rupiah as the Federal Reserve gears up to…
Dashboard of emerging market vulnerabilities to rising global rates
By Patturaja Murugaboopathy and Gaurav Dogra – Poorer ’emerging market’ countries are facing the headwind of rising global interest rates this year, which in the past has prompted international investors and their…
Emerging FX already riding higher local rates will outperform this year: Reuters poll
By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU – Emerging market currencies will struggle to stem losses in the near-term as the U.S. Federal Reserve lifts interest rates off the zero bound, but…
Japan has no plans to review sales tax rates, finance minister says
TOKYO – Japanese is not considering reviewing future national sales tax rates as the current 10% levy provides a vital source of funding the social security spending to support its ageing population,…
Fed’s Barkin says rates should move to pre-pandemic levels, then assess next steps
By Howard Schneider WASHINGTON – The U.S. Federal Reserve needs to begin raising interest rates but it is too soon to say how far or fast that process will need to go…
Australia’s central bank ends bond buying, in no rush to hike rates
By Wayne Cole SYDNEY – Australia’s central bank kept its cash rate at a record low of 0.1% on Tuesday and ended its A$275 billion ($194.40 billion) bond buying campaign as expected,…
Erdogan says interest rates will be lowered and inflation will fall too
ANKARA – President Tayyip Erdogan repeated his unorthodox economic policy on Saturday, saying interest rates would be lowered further and inflation would fall as a result, days before inflation data for January…
Fed’s matchmaker fear: Flatlining economy meets higher interest rates
By Howard Schneider WASHINGTON – The Federal Reserve plans to raise interest rates in March on the assumption the U.S. economy will largely steer clear of fallout from the Omicron variant of…
Brazil rates set to soar further as US Fed prepares for lift-off: Reuters poll
By Gabriel Burin BUENOS AIRES – Brazil’s central bank is set to deliver a third consecutive 150 basis point rate rise on Wednesday in a bid to minimize risks of further capital…
Fed guidance on rates following liftoff may remain foggy
By Howard Schneider WASHINGTON – The U.S. Federal Reserve clearly telegraphed a March interest rate hike after its meeting this week but the pace of what follows may remain clouded as officials…
Major African central banks expected to hold rates this month: Reuters poll
By Vuyani Ndaba JOHANNESBURG – Major central banks in sub-Saharan Africa will leave interest rates unchanged in coming days, starting with Nigeria and Kenya, and followed by Ghana at the end of…
Amazon discloses staff injury rates showing where it is worse or better than peers
– Amazon.com Inc on Monday reported injury figures for 2020 showing worse-than-average safety rates in its U.S. warehouses but a better record than peers in delivery. The online retailer also said staff…
CDC: Omicron is not as deadly as delta, but high spread could increase death rates
CDC Director Rochelle Walensky this week officially confirmed that the omicron variant of the COVID-19 virus is not as deadly as the delta variant, but because there are significantly more cases, death…
Americans Ring In 2022 With Highest Mortgage Rates Since The Pandemic Started
Harry Wilmerding on January 6, 2022 Mortgage rates soared to their highest level since the beginning of the pandemic in the first week of 2022, according to Freddie Mac. The 30-year fixed-rate…
Canadian Court Declares Math Test For New Teachers ‘Unconstitutional’ Because Of Racial Disparities In Passage Rates
Ontario public schools will no longer require incoming teachers to pass a basic math proficiency test after finding racial disparities in passage rates. The Ontario Superior Court of Justice ruled Friday the…
6.1 million New Jerseyans vaccinated, but COVID-19 rates are climbing again
TRENTON, NJ – We have masks in schools, high vaccination rates, public health policies, vaccine mandates and vaccine passports for many public functions, but nothing seems to be stopping the virus here…
New Jersey contractor to pay $175k to resolve prevailing wage violations
TRENTON – Acting Attorney General Andrew J. Bruck announced today that a telecommunications contractor will pay $175,000 to resolve allegations that the company defrauded the state while denying its workers the wages…
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